In general, for Form 24Q of TDS preparation, we CREAT a save file by way of giving file name F24Q3 for later use. After the next day or so we use the said draft file for the completion of work as well as validation. We use RPU of NSDL for TDS return. Can we do the said save file as TDS/TCS Input file name by renaming F24Q3.txt or by creating F24Q3 as a text file through notepad and the said text file be used as a save draft file for later use? Kindly send your valuable opening. Regards, Limpa Chakraborty

Query:One of our client has a customer who has purchased goods from our client and so we have shown his sales along with GST amount in GSTR 1 but now the buyer of goods has only paid to our client the taxable amount but has not paid the GST amount however we have shown this sales in the gstr 1 of the month

In this case what remedy is available to our client to recover the GST amount or he can make amendments to GSTR 1?

Sir, for how many years I have to keep / preserve my account books for the purpose of Income tax act, if my yearly turnover is more than 5.00 crores and my accounts are audited every year ?

Hi My wife was a Govt Employee in Sikkim, now retired. She is paying IT even now. She is an OLd Settler of Siikim, residing before the cut off year.
1. Since Old Settler have been exempted from IT, can she claim refund of already paid amount ?
2. What is the process to claim Exemption from now henceforth ?
3.Are Bank FD Interest exempt under Securities, or as Income arising from within the State ?
Regards.

Dear sir.
One of my friend work in a private firm 10 years as store keeper. He is resigned from Service on 31th dec. His 2 month salary and relieving documents is pending . more over Sr manager. In connection with resignation stock taking is done in two times . Do to selling problem some stock shows excess and some same negative .
Company view is they mark negative stock and not consider excess stock and pay negative stock value around 1.23 lakhs. Again Sr manager add addition stock on above item also. During the audit time he mention this negative and excess stock is matching.
Please advise how to handle this problem.

Dear sir.
One of my friend work in a private firm 10 years as store keeper.
He is resigned from Service on 31th dec. His 2 month salary and relieving documents is pending .
more over Sr manager. In connection with resignation stock taking is done in two times . Do to selling problem some stock shows excess and some same negative .
Company view is they mark negative stock and not consider excess stock and pay negative stock value around 1.23 lakhs.
Again Sr manager add addition stock on above item also.
During the audit time he mention this negative and excess stock is matching.
Please advise how to handle this problem.

Dear Sir,

I want to make an HUF deed in which my father was the Karta of HUF. Now after his demise I want to become the Karta of the same HUF.

My query is do I have to make any monetary transaction with HUF since I will be becoming the Karta of HUF. The format of the HUF deed shows Gift to be received in cash/cheque to the new karta.

Please help me resolve this issue.

Regards,
Divyesh Jain

We have 40 year old home on My fathers name. Though it son my Fathers name it is joint property of my Father & his 3 real brothers having equal shares which was mutually agreed on basis of internal relation & belief. No all 4 Brothers decided to sell home and do 4 equal shares. They are ok to sell home without converting into their name. So on paper i can sale home and divide in 4 shares as my father passed away recently. AN di am only his legal successor.
For safer side i just to want to know tax liability or any other liability or expense because of this.
I am already employed in private firm and paying Income tax.

My son is employed in US.

He is an NRI.

In the current Financial Year 2022-23, he came to India. His stay in India is covered partly by leave, and partly by Work From Home. His total stay in India is less than 182 days (and more than 120 days).

His leave salary and salary for the Work From Home (India) are credited in his Bank A/c in US.

Salary credited in his US Bank A/c for Work From Home (India), in terms of INR, will be more than Rs. 15.00 lakhs.

He pays income tax in US for the entire earnings.

Clarification may kindly be provided for the following :

(a) What will be his tax liability in India ?

(b) Does he have to file Income Tax Return in India ?

(c) Since he has already paid income tax in US, what is the procedure to avoid double taxation in India ?

if a merchant exporter(under LUT) , doing local sale by charging 18 percent GST , and i paid gst from credit ledger balance , is it consider as deemed export.

second question what is deemed export meaning.